The Saudi Investment Bank

The Saudi Investment Bank (SAIB) (Arabic: البنك السعودي للاستثمار) was established as a Saudi joint stock, pursuant to Royal Decree No. M/31 of 25 Jumada al-Thani, 1396H (corresponding to June 23, 1976) in the Kingdom of Saudi Arabia.[3] The bank started operations in March 1977.


The Saudi Investment Bank
Saudi Joint-stock Company
ISINSA0007879063 
IndustryBanking and Financial Services
FoundedJune 23, 1976 (1976-06-23) in Riyadh, Saudi Arabia
Headquarters
Riyadh
,
Saudi Arabia
Number of locations
52 (2018)
Area served
Regions of Saudi Arabia
ProductsPersonal Banking, Treasury and Investment Group, and SME and Corporate Banking
ServicesFinancing
SAR 359.9 million (around US$96.0 million) [1] ((end of March 2019))
Total assets100,814,596,000 Saudi riyal[2] (2019) 
OwnersPublic Pension Agency, General Organization for Social Insurance,The Saudi Investment Bank
SubsidiariesAlistithmar For Financial Securities and Brokerage Company, The Saudi Investment Real Estate Company, The Saudi Investment First Company, SAIB Markets Limited Company
WebsiteThe Saudi Investment Bank

The Saudi Investment Bank has a group of sister companies which are: American Express, Saudi Orix Leasing, and Amlak Global Finance and Real Estate Development.

Branches

The bank operates through a 52 branch network as at the 2019, including 10 ladies branches distributed throughout the Kingdom of Saudi Arabia.

Activities

The Saudi Investment Bank provides a full range of commercial banking services to companies and individuals. It is also engaged in the financing of quasi-governmental and industrial sectors and trade finance that includes import and export activities. Through its (Asala) program the bank provides Sharia-compliant banking products and services.[4]

Products and Services

The bank's activities spread over three major business divisions: Personal Banking, Treasury and Investment Group, and SME and Corporate Banking.

Board of directors
  • Mr. Abdullah bin Saleh bin Jumaa, Chairman of the Board.
  • Mr. Abdul Aziz bin Abdul Rahman Al-Khamis, Deputy Chairman of the Board
  • Mr. Abdul Rahman bin Mohammed Al-Rawaf, Member of the Board of Directors.
  • Mr. Mohammed Bamaga, Member of the Board of Directors.
  • Mr. Mohammed Algrenees, Board Member.
  • Dr. Fouad bin Saud Al Saleh, Board Member.
  • Mr. Yasser Aljarallah, Board Member.
  • Mr. Saleh Bin Ali Al-Athel, Board Member.
  • Mr. Mohammed Bin Abdullah Al Ali, Board Member.[5]

Management Team  
  • Mr. Faisal Abdullah Al-Omran, Chief Executive Officer.
  • Mr. Ramzi Abdullah Al-Nassar, General Manager - Personal Banking.
  • Mr. Nader Al Khawaja, General Manager - Transformation.
  • Mr. Majed Abdulghani Fakeeh, General Manager - Corporate Banking.
  • Mr. Salman Badar Al-Fughom, General Manager - Treasury and Investment.
  • Mr. David Kent Johnson, General Manager - Financial.
  • Mr. Mansour Mohammed Al Obaikan, General Manager - Risk.
  • Ms. Nasreen Saad Aldossary, General Manager - Human Resources - Chief Happiness Officer.
  • Mr. Badr Ahmed Allaf, General Manager - Compliance.
  • Mr. Majed Mohammed El-Rubaiaan, General Manager - Operations.
  • Mr. Mohammed Abdulaziz Al Fraih, General Manager - Information Technology.
  • Mr. Waleed Saleh Al-Omary, General Manager - Internal Audit.
  • Mr. Ali Abdullah Al-Shayea, Deputy General Manager - Information Security.[6]

Sharia Board
  • Dr. Mohamed A. Elgari, (Chairman).
  • Dr. Abdulaziz Bin Ahmed Almezeini.
  • Ibrahim bin Abdullah Al-Lahim.[7]

Awards
29/04/2019 Corporate governance award 2019[8]
01/04/2019 SAIB Multi-Currency Travel Card The Best-in-Class in MENA and Middle Europe according to Visa Inc.[9]
31/03/2019 Best Bank for Social Media Channels in Saudi Arabia 2019  Award as per the Global Banking and Finance Review[10]
31/12/2018 Best Customer Loyalty Programs in Saudi Arabia for 2018 Award as per the Global Business Outlook[11]
27/12/2018 Elite Quality Recognition Award  2018 for the outstanding quality of outward remittances by J. P. Morgan[12]
25/11/2018 2018 Platinum Award for Strategic Marketing from the MarCom International for campaign#خويك_تعرفه_بالسفر[13]
04/10/2018 The Saudi Investment Bank: 1st Place Winner of Arabia CSR Awards in the Financial

Services Category[14]

23/04/2018 The Saudi Investment Bank Comes 1st among Banks and 4th among Saudi Companies in the Saudi Corporate Governance Index at the 2nd Annual Corporate Governance Conference. [15]  
17/05/2017 Alfaisal University Award 2017 For Corporate Governance best practices[16]   
09/02/2017 Best Bank for Social Media Channels in Saudi Arabia 2017 Award as per the Global Banking and Finance [17]
16/11/2016 Saudi Investment Bank wins “Best Work Environment work"[18]
24/10/2016 The King Abdulaziz Quality Award for 2016[19]
05/09/2016 Third Center for Digital Excellence Award 2016[20]
14/04/2016 Saudi Investment Bank obtains “Best Loyalty Program” Award for 2016[21]
24/11/2015 Saudi Investment Bank achieves second place of King Khalid Competitive Responsibility Award [22]  


gollark: In theory, if you handwave literally every issue, a planned economy would be better than capitalism-as-implemented.
gollark: Yes, which is why we need government intervention to deal with such externalities.
gollark: And we can get MORE resources using more efficient extraction tech and also spæce.
gollark: As I said, technological advances allow more stuff from the same resource input.
gollark: You can measure historical GDP, ish, and it's way lower than we have now, despite them having access to the same planet to work with.

See also

References
  2. "Company Details". Tadawul. Retrieved 12 April 2020.
  3. MUBASHER | SAIB Company Profile
  4. «السعودي للاستثمار» يطور منتجات الأصالة لحلول الأعمال
  5. SAIB names new Chairman
  6. "Management Team | The Saudi Investment Bank". www.saib.com.sa. Retrieved 2019-08-10.
  7. The Saudi Investment Bank | Shariah Committee
  8. "البنك السعودي للاستثمار الأفضل في ممارسة للحوكمة على القطاع المالي | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  9. "بطاقة السفر من البنك السعودي للاستثمار الأفضل في المنطقة وفقاً لـVisa | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  10. "البنك السعودي للاستثمار أفضل بنك في وسائل التواصل الاجتماعي للعام 2019 | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  11. "البنك السعودي للاستثمار يحصد جائزة Global Business Outlook لأفضل برامج ولاء | The Saudi Investment Bank". www.saib.com.sa. Retrieved 2019-08-10.
  12. "البنك السعودي للاستثمار يحصد جائزة النخبة لجودة الحوالات الدولية لعام 2018 | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  13. "البنك السعودي للاستثمار يحصد الجائزة البلاتينية عن حملة (#خويك_تعرفه بالسفر) | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  14. "البنك السعودي للاستثمار يحصد المركز الأول في الجائزة العربية للمسؤولية الاجتماعية لفئة منظمات القطاع المالي | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  15. "البنك السعودي للاستثمار الأول على مستوى البنوك في مؤشر حوكمة الشركات | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  16. "البنك السعودي للاستثمار يحقق المركز الأول في حوكمة الشركات بجامعة الفيصل | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  17. "البنك السعودي للاستثمار "أفضل برنامج ولاء" في المملكة وفقاً لـ"إنترناشيونال فاينانس" العالمية | The Saudi Investment Bank". www.saib.com.sa. Retrieved 2019-08-10.
  18. "البنك السعودي للاستثمار يتوج بجائزة أفضل بنك هذا العام | The Saudi Investment Bank". www.saib.com.sa. Retrieved 2019-08-10.
  19. "«البنك السعودي للاستثمار يحصد «جائزة الملك عبدالعزيز للجودة | The Saudi Investment Bank". www.saib.com.sa. Retrieved 2019-08-10.
  20. "البنك السعودي للاستثمار يتوج بجائزة التميز الرقمي | The Saudi Investment Bank". www.saib.com.sa. Retrieved 2019-08-10.
  21. "البنك السعودي للاستثمار يحصد جائزة أفضل برنامج ولاء للعام 2016 | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
  22. "البنك السعودي للاستثمار يحقق المركز الثاني في جائزة الملك خالد للتنافسية المسؤولة | البنك السعودي للاستثمار - خدمات مصرفية إسلامية المملكة العربية السعودية". www.saib.com.sa. Retrieved 2019-08-10.
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